Thun Group of Banks description sets out participating banks' responsibilities with regard to human rights

A desciption of the Thun Group of Banks, including responsibilities and expectations with regard to human rights is available below. Reports on the Group's Annual Meetings, as well as a 2017 discussion paper on the implications of the UNGPs for the banking sector can be found using the buttons below.

2017 Discussion Paper

2018 Report

2019 Report

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Article
5 April 2019

Thun Group of Banks - description

Author: Thun Group of Banks

The Thun Group is an informal group of banks who work together with the purpose of understanding how human rights can best be respected and promoted across the breadth of different banking activities...

Banks conduct a wide range of activities, many of which are unique to the banking sector. As such, participant banks agree that the applicable standards need to be implemented in a manner reflective of each institution’s structure and business model. Through the Thun Group, participant banks proactively engage in shared thinking on how to tackle this process. The Thun Group also acts as a means for participant banks to engage in wider dialogue with those parties developing norms or guidance for their implementation, and other stakeholders with an interest in respecting human rights...

The work of the Thun Group is aimed at supporting banks in mapping, analysing and responding to their potential adverse human rights impacts, and exploring ways in which respect for and promotion of human rights can be furthered...

The Thun Group fully acknowledges the importance of exchanging on the complex topic of human rights with stakeholders outside the banking sector [...] and seeking their input...

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